The Parliament of Greenland reacts quickly to Trump's words. There will be a ban

According to the resolution of the Greenland Parliament adopted on Thursday, the memorandum on deep-sea mining is to be valid until the end of 2029, with the possibility of extending it for further two-year periods. The law on this matter is to be passed in the first half of 2027, when the parliament convenes for its spring session.

According to Greenlandic MPs, the aim is to protect the valuable marine environment as well as maintain the welfare of fish. In Greenland, fishing is an important branch of the economy.

"Our new and beautiful Greenladia"

On Wednesday, Donald Trump wrote on the Truth Social platform that "large-scale" oil and gas exploration is being prepared in "our new and beautiful Greenland." He did not provide details. It is unclear whether he also had in mind obtaining raw materials from the seabed.

The US president referred to the security agreement signed by the US, Denmark and Greenland in September in New York. The agreement, concluded by Trump, Danish Prime Minister Mette Frederiksen and Greenlandic Prime Minister Jens-Frederik Nielsen, is intended to quell tensions caused by Washington's previous threats to take control of the island.

There is a license, but drilling has not started

However, this document, as explained by the Ministry of Danish diplomacy, does not give the United States any special privileges, and the issue of deposit extraction is regulated by Greenlandic law.

So far, raw materials have not been extracted on a large scale in Greenland due to difficult Arctic conditions and the lack of infrastructure, roads and ports. There are small gold and ruby ​​mines.

The government of Greenland will not issue new licenses from 2021, and the American company Greenland Energy, which already has a permit to extract oil on the eastern coast of the island, has not started drilling yet. The first works are delayed due to the lack of final approvals from the Greenlandic authorities.